German banking giant Berenberg suggested that with the Bitcoin (BTC) halving, there may be significant increases in Microstrategy (MSTR) shares.
In a research report presented by Berenberg analysts, it was mentioned that the Bitcoin halving process will also reflect positively on Microstrategy shares. In the report, More than 150k BTC for the shares of Microstrategy, which has $430 price target given.
Analysts, pointing to the price movements before and after the previous halving, in 2024 the expected halving process Bull market for Microstrategy stocks He said he could start.
History may repeat itself with halving
Berenberg facade, historical bullish pattern before and after halving He said he believed it would happen again. While drawing a roadmap with the data from the past 3 halvings, the pre-halving rise 4 months later in November It was stated that it could start like:
If the historical pattern created by the first three Bitcoin halvings is repeated with the fourth halving, the pre-halving rally will start about four months from now. If a rally takes place after the fourth halving and this rally lasts as long as the rises after the last few halvings, it can continue until October 2025. We believe MicroStrategy shares are likely to rise along with it. The correlation between the Bitcoin price and the company’s share price is approximately 0.90.
In addition, the scarce and planned structure in Bitcoin supply will be able to start with the halving in 2024. bull run magnifies its potential featured.
The upcoming Bitcoin halving, according to data provided by Nicehash April 9, 2024and block rewards 6.25 BTC to 3.125 BTC will fall.
on the other hand BlackRock CEO Larry Fink Analysts, who also touched on a recent statement by the company, pointed out the importance of world giants making support statements for Bitcoin.
According to Nasdaq data, MicroStrategy shares have been holding since the beginning of the year. 153% on the rise 160 dollars from the level for $407 reached.